Shinhan Vietnam Bank "Vietnam's First 100% Non-Face-to-Face Credit Loan Launch"

100% Non-Face-to-Face... Check Results Within 5 Minutes of Application

[Asia Economy Reporter Minwoo Lee] Shinhan Bank's local subsidiary in Vietnam has launched the first 100% non-face-to-face credit loan product in the Vietnamese banking sector.

Shinhan Bank announced on the 16th that Shinhan Vietnam Bank has launched this 'Digital Consumer Loan' product.

Based on Shinhan Bank's digital financial technology and through close consultation with Vietnamese financial authorities, this product is the first among Vietnamese commercial banks to fully digitalize the entire loan application and execution process.

Loan applications can be made through the 'Shinhan SOL Vietnam' application (app), and the application result can be confirmed within 5 minutes after applying. It is available to Vietnamese nationals residing in Vietnam, with a maximum loan amount of up to 24 million VND (approximately 1.35 million KRW). The loan period is up to 24 months, with monthly repayments of principal and interest in an installment repayment method.

Shinhan Vietnam Bank is expanding customer touchpoints through collaboration with various digital platform companies. Earlier this month, it introduced a credit loan product within the Vietnamese e-commerce company 'TIKI' platform. This Digital Consumer Loan product is also planned to be added to this platform.

A Shinhan Vietnam Bank official said, "The launch of this Digital Consumer Loan has become an opportunity for Shinhan Vietnam Bank's digital acceleration to take a leap forward," adding, "We will continue to provide various products and services leading Vietnam's digital finance."

This content was produced with the assistance of AI translation services.